GameStop Is Planning To Close 200 Storeshttp://www.businessinsider.com/gamestop-close-stores-2012-11/comments
en-usWed, 31 Dec 1969 19:00:00 -0500Mon, 19 Mar 2018 10:42:25 -0400Ashley Lutzhttp://www.businessinsider.com/c/50a682156bb3f7b048000017Bobby DeaconFri, 16 Nov 2012 13:12:37 -0500http://www.businessinsider.com/c/50a682156bb3f7b048000017
The article is misleading. It reports some facts that fit what they want to say but fail to put them all in context. Yes, GameStop is planning on closing 200 stores but that is both domestically and internationally. The author also failed to report that GameStop will open more new stores than they close. All companies have an obligation to their share holders to close under-performing locations while exploring new areas for increased growth.
The author also fails to mention the net profit that GameStop made. The company is repurchasing its own stock as well as branching out into the digital streaming spectrum as well as mobile devices and mobile gaming.
Some developers realize that GameStop's trade model actually sells way more of their product than anything else, as evidenced by GameStop having over a 50% market share. Yes, some companies are starting to ask for an additional fee to allow used games to be played on-line. Even with the small fee, used games are still way cheaper than new.
I guess I am just tired of people beating up on certain companies without having all of the facts or if they have them, failing to use them.http://www.businessinsider.com/c/50a52404ecad04e653000013DepressionThu, 15 Nov 2012 12:19:00 -0500http://www.businessinsider.com/c/50a52404ecad04e653000013
multi-facted issue ...
1. Game devlopers are tired of lost sales to used game stores and are slowly starting to limit online play only to those who orginally bought the game , or is allowing those who brought it used to BUY an online pass ..( this deters the after market consumer because they have to pay twice , once to buy the used game and they a second time to play it online )
2. piracy
3.The high price of games ... 60 dollars is asking alot these days ...
4. yes the age of the consoles is an issue , who wants to stock up on video games that will soon obsolet .
5. hand held Cellphone market for video games is also reducing the market .. some of the newer smart phones can really do some amazing things in term of video games ....